Refer to the scenario described in Problem 13 and the file Cellphone. In XLMiner's Partition with Oversampling
Question:
a. Why is partitioning with oversampling advised in this case?
b. From the generated set of logistic regression models, select one that you believe is a good fit. Express the model as a mathematical equation relating the output variable to the input variables. Do the relationships suggested by the model make sense? Try to explain them.
c. Using the default cutoff value of 0.5 for your logistic regression model, what is the overall error rate on the test data?
d. Examine the decile wise lift chart for your model on the test data. What is the first decile lift? Interpret this value.
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Related Book For
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams
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